Question

We had of the hot an 3 Manche 2017 was as follows:
Assets
40
130
Sately creditorit
17,000 Cash at bank
Provident Fund
13,000 Debtors
Reserve fund
18.000 Less : Provision
Capitals
Stock
Ajoy
40,000 Investments
30,000 Patents
Naresh
20,000
Plant and machinery
1.38,000
Nareshe retired on the above dute on the following terms :
Wijay
Ceneral
Capitals
War
(m) Provision for doubtful debts was to be raised to 6%.
(iv) Naresh took over the investments at a value of * 17,800.
(v) Liability on account of provident fund was only 12,600.
(9
the partners and the Balance Sheet of Ajay and Vijay after Naresh's retirement,
46. A, B and C were partners sharing profits in the of 5
Wiktine pannes, sanmis gratis dhe peoporoms otrdi and
(2) Goodwill of the firm was valued at 42,000 but it was not to remain in the books of
(ii) Value of the patents was to be reduced by 20% and that of plant and machinery by
Show the Journal entry for the treatment of goodwill, prepare Revaluation Account, Capital​

Answer 1

Answer:

Manche 2017 was as follows:

Assets

40

130

Sately creditorit

17,000 Cash at bank

Provident Fund

13,000 Debtors

Reserve fund

18.000 Less : Provision

Capitals

Stock

Ajoy

40,000 Investments

30,000 Patents

Naresh

20,000

Plant and machinery

1.38,000

Nareshe retired on the above dute on the following terms :

Wijay

Ceneral

Capitals

War

(m) Provision for doubtful debts was to be raised to 6%.

(iv) Naresh took over the investments at a value of * 17,800.

(v) Liability on account of provident fund was only 12,600.

(9

the partners and the Balance Sheet of Ajay and Vijay after Naresh's retirement,

46. A, B and C were partners sharing profits in the of 5

Wiktine pannes, sanmis gratis dhe peoporoms otrdi and

(2) Goodwill of the firm was valued at 42,000 but it was not to remain in the books of

(ii) Value of the patents was to be reduced by 20% and that of plant and machinery by

Show the Journal entry for the treatment of goodwill, prepare Revaluation Account, Capital

Hope it's helpful dear